XinDao Technology announced that the company plans to issue convertible corporate bonds and pay cash to purchase 100% of Shanghai Jishun Technology's shares and 17.15% of Shanghai Shunlei Technology's shares, thereby achieving 100% control over Shunlei Technology. On July 16, the results of the review meeting of the Shanghai Stock Exchange Reorganization Committee showed that the transaction met the restructuring conditions and information disclosure requirements. The transaction still needs to be registered with the approval of the China Securities Regulatory Commission before it can be implemented, and there is uncertainty.

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